First Trust Correlations

First Trust Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Trust Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations    CRM + 0.87 T JPM + 0.87 CRM JPM + 0.83 T MSFT + 0.79 META XOM + 0.75 UBER MRK + 0.71 A

High negative correlations    MRK - 0.83 JPM CRM - 0.78 UBER MRK - 0.77 CRM XOM - 0.75 MSFT T - 0.72 UBER MRK - 0.68 T

First Trust Competition Risk-Adjusted Indicators

There is a big difference between First Etf performing well and First Trust ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Trust's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.